Close date is drawn out of thin air. We. Happy Friday ! Julian Spector Congruent Ventures, a venture capital firm dedicated to early-stage climate startups, has a new fund to invest. 424-430 Congruent Ventures | LinkedIn More and more venture capital is going to bridge rounds vs primary rounds this year. So nice to see deeptech focused seed funds The new fund nearly doubles the firm's assets to . IAS 28 outlines the accounting for investments in associates. I am genuinely delighted about joining a company with a solid history and a proud legacy of superior service, innovation, and a strong team. Catching Up With Sunday, The Green Lawn-Care-In-A-Box Company, IONIQ 6 Makes Hyundai A True Tesla Contender: Test Driven, Companies Must Protect Workers From Heat Stress, Study Warns, McKinsey Predicts Deep Curbs On Car Use, Fall In New Car Sales, Rise Of Micromobility. From food to fusion and panels to power, we've backed amazing founders, brought on an amazing team and catalyzed $B across 51 companies that now employ thousands of people. Congruent Ventures - CB Insights View contacts for Congruent Ventures to access new leads and connect with decision-makers. The development of climate-tech startups is crucial in creating a sustainable future! Congruent Ventures, launched in 2017, is co-led by Joshua Posamentier and Abe Yokell, who have decades of climate tech investing expertise between them. San Francisco April 20, 2023 Cooley advised Congruent Ventures, a venture capital firm focusing on early-stage climate-oriented startups, in its $300 million Continuity Fund. Team | DCM This brings the total AUM for Congruent to over $700 million, making it one of the largest climate portfolios in early-stage ventures and nearly doubling the firms AUM. More of a given fund's dollars are going to current bets - so if you're a new bet, be aware. Overnight on Wall Street is morning in Europe. We invest globally in breakthrough technology startups that can. bp ventures This site requires JavaScript to run correctly. We're grateful to the support of amazing LPs from our founding anchors to our new friends in the Continuity Fund including CalSTRS, The Grantham Foundation for the Protection of the Environment, Sobrato Family Foundation, numerous Cambridge Associates clients, Three Cairns Group, and many other amazing supporters. Early-stage climate and sustainability venture firmCongruent Ventures recently announced the closing of its first Continuity Funds focused on quickly scaling its early-stage portfolio with more than $300 million in commitments, which highlights the interest of institutional investors seeking exposure to climate venture despite a challenging fundraising environment. On Thursday, the young San Francisco-based firm closed a $175 million second fund, bringing it to $300 million under management. E8 provides early-stage funding, participation in follow-on rounds, and expert feedback, coaching, advisors, connections and support for your success. . Embedded Controls Engineer Matlab Python Microcontrollers PCB design GUI C/C++ Sensors It was founded in 2017 and is based in San Francisco, California. Congruent Ventures: Over $300 Million In Commitments Raised To Invest Congruent partners with companies at the earliest stages, and the Continuity Fund will be deployed to support them throughout their life cycles. Some examples include Amply, aprovider of managed charging for electric vehicle fleets, which raised $13.2 million last year from investors including Soros Fund Management and Siemens, and Span, amaker of digitally controllable home electrical panels, which raised $20 million in January from investors including Munich Re Ventures HSB Fund and Amazons AlexaFund. Total ikigai. Entrepreneurs in a field become rich and act as angel investors. These investment losses arguably set back the CleanTech / ClimateTech world by a decade because they decimated the ecosystem that allows new ventures to flourish and grow. Read more at the link below. 9. 10. Our portfolio bp ventures is set up to grow new energy businesses, in our core businesses in the upstream, downstream and alternative energy and in five areas: Advanced mobility; Power and storage; Carbon management; Bio and low carbon products; Digital transformation Introducing bp ventures A good idea represents the bare minimum requirement to build a successful venture. In this article, Jason Cohen, founder of WP Engine, Congruent Creating the companies that will positively impact how we move, create, eat, and live. On Thursday, the young San Francisco-based firm closed a $ 175 million second fund, bringing it to $ 300 million under management. Chris Abshire is a senior associate at Toyota Ventures, responsible for sourcing startups, evaluating opportunities, negotiating, and closing investments. This copy is for your personal, non-commercial use only. Then again, SPAC exits returned money to limited partners who can now invest it in anew wave of companies, Yokell noted. And yet you still can fail Congruent invests in early-stage transformational companies in climate tech, where we leverage our capital and deep in-sector experience to fund the best companies in the space., The fast-paced innovation and change now powered by funding from the 2022 Inflation Reduction Act must be met with sufficient venture funding. Ive told Yokell and Posamentier that Id like to start working through their portfolio for my articles in this column, so expect to hear more about them in the coming months. Congrats to you and your amazing team for your success and for the amazing impact you're having on the climate tech world, Joshua! All rights reserved. That's great! We also had the chance to hear about some of the more exciting investments Emmeline Ventures has made. Your current investors are the primary starting point for more capital. About Cooley LLP (AMP Robotics, another of Congruents portfolio companies, is pioneering the use of AI-powered robots to sort waste at recycling centers.). Always onward and upward here at Cooley! And the funds commitments represent Limited Partners with over $2 trillion in assets, bucking the recent trend of LPs trimming their exposure to venture capital and private equity. - which LPs Congruent has supported 51 companies over the past six years, making it one of the most active and experienced U.S. investors in climate. Congruent Ventures, a climate-focused VC firm, has closed its first continuity fund with over $300 million in commitments. Experienced early-stage CleanTech venture fund partners threw in the towel and retired to ranches in Wyoming. Their staff has grown to five investors, and they expect the shop to keep expanding. 16.Avalanche Energy4000AAutodeskFounders FundCongruent VenturesA10% . Another dedicated early-stage fund launched last week in Houston. Congratulations to our client Congruent Ventures, a venture capital firm focusing on technology companies that will positively impact energy and resource consumption, on its $300 million Continuity Fund. The leading representative office of defined VC is situated in the San Francisco. Live from London, tracking the breaking and top business news stories in the lead-up to the opening of European markets. All of a sudden, theres a re-platforming where all that market share is up for grabs. In addition to these areas of mutual interest, I also found some fascinating companies operating in areas Ive never thought about specialty insurance for distributed energy producers, robotic recycling sorters, and tools to genetically enhance microscopic organisms to increase the health of soil biomes. Congruent Ventures Closes More Than $300 Million Proving Interest in Early-stage venture firms help their investees with their wider web of connections and provide guidance on strategy, personnel, and organization. Congruent Ventures 76 Investments, Performance analytics, Stats It was an honor and privilege to get to work with Lux Capital in helping them raise their latest fund, Lux Ventures VIII, L.P. at $1.15 billion. Jackie Kossmann is a Partner at Congruent Ventures. Apr 25 At USV we intend to make a meaningful contribution to solving the climate crisis. It was great to see the increasing focus on technology and climate with such a great international focus. From that 2009-2017 time period, Congruent was probably the first emerging manager out of the gate with a pure sustainability fund. ArcTern Ventures is a venture capital firm obsessed with helping solve the climate crisis and rethinking sustainability. -- b.rad. We saw a strategic need to help our existing portfolio companies, and were delighted to have the support of our Limited Partners despite the broader pullback in venture investing.. This brings total AUM for Congruent to more than $700 million, making it one of the largest climate portfolios in early-stage venture and nearly doubling the firms AUM. For many use cases, chat will replace search. Enterprise Software. Best of luck in your endeavors! Partner John Dado led the Cooley team. The Act focuses on three pillars, including technological capacity building, large-scale investments in production capacities, and improving the ability to spot and respond to semiconductor supply crises. Tina Bao LinkedIn: Congruent Ventures Raises $300 Million for Shepherding a new venture to success is hard enough; bootstrapping a new economic sector represents something orders of magnitude more difficult. We're so excited to announce Congruent's largest fund yet at $300M!!! As the seedling starts to grow stronger and as more industry insiders begin to hear and talk about what the new firm is doing, introductions to those later-stage venture firms are made, and more growth capital flows to the company. 2 The second pillar supports the setting up of new fabs and "open EU foundries" (Article 11, very interesting concept!). When I was a VC writing checks, I learned how an investor's mind works 38.Rise WorksSino Global CapitalHashKey CapitalDraper AssociatesWeb3 . If it checks all the boxes for security, IT, and compliance teams, then that's good enough, even if they dont understand how it really works. Amid abooming market for sustainable businesses, Congruent is among arelatively small group dedicated to funding companies that are just getting started, and may not even have aproduct or revenue yet. If you have female staff in your establishments, Institution and want to get her trained in Self-defense do contact us. The financial crisis wrought havoc among established companies, but the ripples caused by the crisis crashing oil prices and general deflationary trends also destroyed the operating model of many CleanTech start-ups. How to Create Urgency in a Fundraise SF Climate Week was a fantastic way to end my time in SF (for now!) Associate. Tanuj DuttaJackie KossmannChristina OConorMarianne WuNicholas Adeyi Tina BaoSuzie Morano Parmar, CFANadia DugalAbby Steele Show All Companies in portfolio 80. Total number of diversity investments made by an investor, Total number of employee profiles an organization has on Crunchbase, Total number of Crunchbase contacts associated with this organization, Descriptive keyword for an Organization (e.g. Margaret Luna Kelli Cullinane Jessie Jia Guo Kimberly Chia Kathryn Zekus, Helping CFOs & Middle Market Clients Improve Bottom Line Results | Tax, Audit, Accounting & Advisory Services, Moss Adams is a proud sponsor of the CFO Executive Summit and honored to present Orange County Sheriff Don Barnes, who addressed CFOs and executive leaders on the issues of cybersecurity, transnational crime and other financial threats facing the business community. Congruent Ventures has raised $175 million for a fund that focuses on investments in early stage climate-technology companies. Speaker/Consultant on Robocars and Exponential Technology btm@4brad.com, Einrides Self-Driving Goal Is Medium-Haul Electric Trucks, Not Long Haul. Its portfolio represents companies that will help to decarbonize every sector of the economyenergy, fleet electrification, farming, new food products, sustainable aviation fuels, manufacturing, and more. First Round Capital backs clean energy fintech Evergrow with $7M Congruent Ventures Ivey Business School at Western University Experience Partner Congruent Ventures Apr 2022 - Present1 year 1 month San Francisco Bay Area CPP Investments 3 years 10 months. If the idea takes root, angels introduce the emergent shoots of companies to early-stage venture firms. When Congruent closed its first fund in 2017, Silicon Valley was still nursing its bruises from alate-2000s wave of investments in thin-film solar, algal biofuels and other cleantech long shots that didnt makeit. #founders #startup #people #environment #grateful #power #climate #venture #venturecapital #LP #fundraising #funding, Industrial Technology Advisor (Business/Finance) - National Research Council Canada - IRAP Program, Independent Director | Technology Executive | Advisor | Investor Ex-Wipro, Flex, Texas Instruments. Serious happy place vibes, Senior Engineer Zero Carbon Technologies at PMI | Cleantech & Sustainability | EPFL | BITS-Pilani | Prince2, A very positive and exciting week at HANNOVER MESSE, as a Cleantech enthusiast there is nothing that excites me more than impact driven innovations. Range: $100K - $5.0M. Congratulations to our Cooley team led by John Dado who advised Congruent Ventures, a venture capital firm focusing on technology companies that will positively impact energy and resource consumption, on its $300 million Continuity Fund. Convertible Note, Early Stage Venture, Seed, Venture, Find More Contacts for Congruent Ventures, Edit Lists Featuring This Company Section, Congruent Ventures Raises Growth Fund to Back Its Climate-Tech Startups, Seed Stage Investors with Investments in Berkeley, California, San Francisco Investors with Funds Raised in 2018, Convertible Note Investors with Investments in Greater New York Area, Early Stage Venture Investors with Investments in Austin, Texas. For leadership teams, its incredibly difficult to choose to destabilize your own ship. In just a few years, the accelerator has grown to 75 resident start-ups using robotics to revolutionize healthcare, transportation, logistics, manufacturing, service, workforce planning and more. I am thrilled to be the keynote speaker for the 17th Babson Sustainability Forum: The Path to Net Zero, where I will share my journey to Net Zero: - Why/how I Congruent Ventures raised $304 million for its first fund dedicated to making growth investments in companies it already backs. We're so excited to announce Congruent's largest fund yet at $300M!!! Congruent VenturesAssociate Investment Range $100K-$5.0M Sweet Spot $1.5M Current Fund Size $500K Logan Ashcraftis on these Sector & Stage Rankings ClimateTech/CleanTech(Seed)Consumer Internet(Seed)DeepTech(Seed)Enterprise(Seed)FinTech(Seed)Hardware(Seed)San Francisco Bay Area Logan Ashcraft's Media (2) Congruent Ventures raised $304 million for its first fund dedicated to making growth investments in companies it already backs. Congruent Ventures is a venture capital firm that seeks to invest in Mobility and Urbanization, Energy Transition, Food and Agriculture, and Sustainable Production & Consumption sectors. Oney est une Banque franaise situ Croix, Hauts De France. Big ocean-scale news from Ebb Carbon today - we have secured $20m in Series A funding! Inc. 30 under 30 Entrepreneur. Managing Partner Next Play Capital | Henry Crown Fellow | DocuSign Advisory Board | Chairman Ryan Nece Foundation, Along with the team USOPF we hosted a powerful group of investor and executive on the rooftop of our office. Congruent had targeted $125 million for the fund. USV (@usv) / Twitter We hope this goes to show that all types of allocators see the value and need for Climate Tina Bao on LinkedIn: Congruent Ventures Raises $300 Million for Climate Startups In a terrific long-form interview, Congruents Yokell describes being literally abandoned by a conversation partner at a 2011 holiday party when he confessed to working in CleanTech venture capital. * NOTE: In a consulting engagement a few years ago, I crunched the numbers on thousands of successful exits (cases in which a start-up sells to a larger company or goes public through an IPO) and found that a dense network of professional connections increases the value of a start-up idea by around three times. #venturecapital #founder #startup #startups, Top trend in 2023 venture capital so far?